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20110701
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as you know can happen instantly if some big player decides to sell off. >> obviously i'm not qualified to speak on behalf of the markets and what they will or will not do, but just my own judgment based upon all the various kinds of conversations that are occurring, are that we will find a way to deal with this issue. we do know that the root cause of our debt and deficit problem is spending is just too high. we also want economic growth. we don't want to embrace policies that we sincerely believe will damage the economy and hurt job creation. if you do that, then you lose even more revenues. so what we want to do is get a downpayment on our deficit and debt by getting spending cuts. i think that there are constructive conversations that are occurring both sides of the rotund rotunda, both sides of pennsylvania avenue. i do believe cooler heads will prevail. >>> what are the constructive conversations? for instance, are some elements of the gang of six proposal, i know you said it's not specific enough, it doesn't go adequately to slowing the growth of health spending, but are there co
the table, the problem is so big we won't bo able to fix it and the politics are such that it's going to be impossible to get everybody around the table to come one a deal. it really is time for everybody to put these lines in the sand aside and start trying to fix the problem, which is what i think is gang of six did this week breathes a lot of new life into this whole discussion of how do we fix this problem in a way to get a lot of people to sign on and by doing it smartly that's going to help tremendously. >> do you think that the market, the rating agencies and others looking at it from the outside will take it seriously if there is some sort of agreement, a handshake whatever you call it between the president and the speaker of the house that has 217 votes and can get through the house, that there's an agreement for things that will be triggered down the road, is that going to be good enough, tax reform down the road? >> there's a lot of risk. people tend not to believe politicians doing hard things later. at the same time we need to lift the debt ceiling. we need to do that rig
Search Results 0 to 3 of about 4 (some duplicates have been removed)

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